The EU will soon publish the new Corporate Sustainability Reporting Directive (CSRD). The EU Parliament and representatives of the EU member states have agreed on a draft directive which, in its current version, provides for extended reporting obligations, in particular on the sustainability of the company’s activities, from 2024 for companies with more than 250 employees and a turnover of 40 million euros. The same applies to companies that are based outside the EU and have significant activity in the European market with an annual turnover of 150 million euros or more. From 1 January 2026, small and medium-sized enterprises will also be affected. In Germany, the content of the Directive has already been implemented in the Act on Corporate Due Diligence Obligations in Supply Chains, which will take effect on 1 January 2023 and initially apply to companies with 3,000 or more employees (1,000 from 2024). Similar laws have already been effective in other member states, such as France or the Netherlands, since 2019.
The companies of the e-systems group follow the developments in product law and in the legislation of extended producer responsibility and inform their customers about them promptly. They also provide support in the implementation of the relevant requirements.
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